An Increase in the Price Level Results in A(n)________ in the Quantity

question 242

Multiple Choice

An increase in the price level results in a(n) ________ in the quantity of real GDP demanded because ________.

• A)decrease; a higher price level reduces consumption,investment,and net exports.
• B)increase; a higher price level reduces consumption,investment,and net exports.
• C)decrease; a higher price level increases consumption,investment,and net exports.
• D)increase; a higher price level increases consumption,investment,and net exports.

---

Definitions:

Unkempt

Refers to an appearance or condition that is messy, disorderly, or not properly maintained.

Entitled to Payment

Refers to having a legal right or claim to receive a specified amount of money for goods provided, services rendered, or as compensation.

Carlill v. Carbolic Smoke Ball Co.

A landmark 1892 English court case that established important principles in contract law, particularly in regard to unilateral contracts.

Marketing Practice

The methods and tactics businesses use to promote and sell their products or services.